Mr Price pleased as MRP Apparel online sales show major promise
Retail group Mr Price listed growth of online sales as a highlight of the first four months of its financial year — though it only contributed about 1% of the group’s overall income. "Online sales continued to grow strongly by 28.1% to R83.2m. The MRP Apparel online channel achieved sales growth of 37.6%, MRP Home 19.5% and MRP Sport 31.3%," Mr Price said in a trading update for the 18 weeks to August 4. Revenue from the group’s cellphone kiosks performed even better, growing 56.7% to R196.5m. The group’s retail sales and other income grew 7.4% to R7.4bn from the first 18 weeks of its 2017 financial year. Miladys was the group’s star performer, growing sales 9.1%, followed by MRP Home which grew sales 7.7%. Miladys, however, suffered the highest inflation of 5.8%. Sheet Street was the laggard with 3.8% sales growth, but it was the only chain within the group to see product deflation of 1.6%. "South African sales increased 6.4% to R6.4bn, exceeding the combined sales growth of 3.5% f...
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